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Alphabet Inc (Google) Class A

Potential Options Play for GOOGL's Earnings

By brianweber
Updated
To take advantage of the high volatility and minimize the downside risk as much as possible, I plan on selling a 1097.5/1100 BPS over earnings for $0.40 or better.

The expected move according to ThinkOrSwim is ~$55.

Let's go GOOGL!!!
Comment
Looks like we gapped right into the green box ;). I did not play the BPS idea. However the trade would have worked since we look to close above $11000.
Comment
Look how beautiful that support held at $1006 :D
brianweberChart PatternsearningsanalysisearningsplayGOOGLoptionsoptionstradingTrend Analysis
brianweber

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